Bitcoin headed to $100,000 in 2018 – Analyst

bitcoin reaches 100000 in 2018

Bitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency’s rally at the start of last year told CNBC on Tuesday.

bitcoin reaches 100000 in 2018

Kay Van-Petersen, an analyst at Saxo Bank, added that other rival digital coins could also outperform.

Van-Petersen forecast in December 2016 that bitcoin would reach $2,000 in 2017. At the time, bitcoin was trading below $900, according to CoinDesk, a website that tracks the price of digital currencies on a number of different exchanges.

Bitcoin blew past the $2,000 figure in May.

Van-Petersen said Tuesday that bitcoin could hit between $50,000 and $100,000 in 2018.

“First off, you could argue we have had a proper correction in bitcoin, it has had a 50 percent pullback at one point, which is healthy. But we have still not seen the full effect of the futures contracts,” Van-Petersen said.

Related articles

dell now accepts bitcoin

Computer Technology Giant Dell Now Accepts Bitcoin

Multinational computer technology giant Dell has announced it is now accepting bitcoin from their US customers through a partnership with Coinbase. Dell is now the biggest company accepting bitcoin. Following today’s announcement, consumers and small business owners in USA are able to purchase all items on Dell.com using bitcoin. To promote the news, the company […]

Bitcoin Wallet, Apps Re-Enter iOS Store

Apple iѕ making good оn itѕ recent bitcoin policy shift, with a nеw bitcoin wallet арр appearing fоr download in thе iOS Aрр Store. Thе ‘Coinpocket’ арр iѕ dеѕсribеd bу itѕ developer аѕ a wrapper fоr a previously аvаilаblе open source HTML5 version, thiѕ timе with full access tо thе camera hardware fоr QR code […]

1 Comment

  1. And we are expected to believe anything from the raving loony Saxo bank, oh perlease!
    I would not trust them to run a piss up in a brewery if I paid for it!

    Their projections are a total joke,..

Leave a Reply

Your email address will not be published. Required fields are marked *

*